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SPDR S&P 500 ETF TRUST
Short
Updated

S&P 500 is gearing up for a drop to $348.11 or even $218.26.

633
SPX SPY are gearing up for a potential crash. Markets and indices seem aligned for a downturn.

What will trigger it?

Hard to say, but watching the stock and crypto markets, it certainly looks that way.

My expectations for SPX / SPY:

➖ Fibonacci 161.80% targets have been reached.
➖ Key downside levels: $348.11 and $218.26.

DXY
snapshot

The dollar index is leaning towards growth for now. I think it might follow this scenario. Let’s keep an eye on how things develop.
Trade active
SP500/SPY on the monthly chart looks like it's starting to move down gradually. Initial targets around $220-$300. Keeping an eye on the stock market.

snapshot
SergioRichi
Also on:
Chart PatternsSPX (S&P 500 Index)S&P 500 (SPX500)SPDR S&P 500 ETF (SPY) Trend AnalysisWave Analysis

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Chart PatternsSPX (S&P 500 Index)S&P 500 (SPX500)SPDR S&P 500 ETF (SPY) Trend AnalysisWave Analysis
SergioRichi
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Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.